Wynyard carnalite project, Canada
Name and Location
Wynyard carnalite project, Saskatchewan, Canada.
Client
Karnalyte Resources and Gujarat State Fertilisers & Chemicals (GSFC) made a strategic investment of about $44.7-million in Karnalyte in 2013, resulting in GSFC holding a 19.98% ownership stake in Karnalyte. The strategic partnership between Karnalyte and GSFC provides Karnalyte with a significant competitive advantage in the marketplace, and is expected to provide GSFC with a secure supply of potash for years to come.
Project Description
The project proposes the construction of a solution mining facility at Wynyard, Saskatchewan, to produce a high-grade (97% purity) granular potash product.
Karnalyte intends to build the facility in three phases, with Phase 1 expected to produce an estimated 625 000 t/y, increasing by 750 000 t/y in Phase 2, and totalling 2.125-million t/y with the addition of Phase 3.
Net Present Value/Internal Rate of Return
Not stated.
Value
Not stated.
Duration
Not stated.
Latest Developments
Karnalyte has entered into an agreement in principle with GSFC to finance construc-tion of the first phase of its potash mine at Wynyard, and an agreement in principle to spin out Karnalyte’s secondary mineral assets and unexplored lands into one or more separate entities.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Karnalyte Resources, tel +1 306 986 1486 or email info@karnalyte.com.
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